Product Overview

Product Features

Freedom
Plus
Checking
Account

Regular
Checking
Now
Checking
Account
Savings Account
Time CDs
HSA
Business Checking
ISB Money Market
Free Online Banking
X
X
X
X
X
X
X
X
Free Tele Banking
X
X
X
X
X
X
X
X
ISB Remote Deposit
X
X
X
 
 
X
X
X
E-Statements
X
X
X
X
X
X
X
X
Debit Card
X
X
X
X
 
X
X
X
ACH Deposit Capabilities
X
X
X
X
 
X
X
X
ACH Payment Capabilities
X
X
X
X
 
X
X
X
Interest Bearing
X
 
X
X
X
X
 
X
No Monthly Service Fee
X
 
 
 
 
 
 
 
Minimum Balance Requirement
 
X
X
X
X
 
 
X
Receive check images back by mail
 
X
 
 
 
 
X
 
Personal Reserve Line of Credit
X
X
X
 
 
 
 
X
Coin / Currency Service
X
X
X
X
X
X
X
X
Merchant Processing
 
 
 
 
 
 
X
 
Wire Transfer
X
X
X
X
 
X
X
X
Retirement Accounts
X
X
X
X
X
X
X
X
Seniors Club
X
X
X
X
X
X
 
X
Safe Deposit Boxes
X
X
X
X
X
X
X
X
Night Depository
X
X
X
X
 
X
X
X
FDIC Insured
X
X
X
X
X
X
X
X
Unlimited Transactions
X
X
X
 
 
X
X
 

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Important Information About Opening An Account

On September 11, 2001, our lives changed forever. In an effort to protect you and our country, the USA PATRIOT Act was signed into law. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

We proudly support all efforts to protect and maintain
the security of our customers and our country.

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Checking

Freedom Checking Plus
A checking account in which no minimum balance is required, interest is compounded and credited monthly, and there are no monthly service fees.
 

Regular Checking
A complete record-keeping system for your personal financial transactions and tax preparation, requires a minimum balance of $500.00, and includes a monthly statement. Pay bills through the mail safely and quickly, while developing a personal credit history.
 

Now Account
A complete record-keeping account which pays interest that is compounded and credited monthly and allows unlimited check writing, requires a minimum balance of $900.00 or a $1,500.00 average, and includes a monthly statement. Monthly service fees apply if requirements have not been made.
 

ISB Money Market Account
A checking account which pays interest that is compounded and credited monthly which allows 6 debits and unlimited credits. Requires a minimum balance of $2500 and includes a monthly statement. Monthly service fees apply if requirements have not been made.

Terms:

  • Minimum Balance $2,500. If Balance falls below $2,500 during a statement cycle, the account will be charged $10.00
     
  • Limited to 6 Debits per month.
     
  • Truncated account (Can be changed at account level for special circumstances)
     
  • Interest paid monthly at end of month
     
  • Variable interest rate. Tied to 90 day Treasury Bill, as published in the Wall Street Journal. Changes weekly on Tuesday’s (or if Monday is a holiday, it will change on Wednesday). Margins for each tier can be changed without notice.
     

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Savings / ATS

An account which draws interest and is paid monthly. You will receive a quarterly statement unless you have a checking account in which statements are received monthly. Automatic transfers (ATS) to and from this account are available. Minimum balance of $100.00 required to avoid monthly service fees. Students to age 18, no monthly fee.

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Online Banking

Access your accounts from anywhere in the world. Apply for Iowa Savings Bank’s Internet banking and access your accounts through any Internet location with a private password. Retrieve personal account statements, balances and make transfers between accounts.

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Mobile Banking Our wireless banking product lets Iowa Savings Bank account holders conduct secure online banking from anywhere, at any time. You can check your balances, view your account history, and even make transfers.

NOTE: You must log-in first via a PC and complete the security questions before setting up your mobile banking.

Equipment Needed

  • Web Enabled Cell Phone.
  • Web package from Service Provider.
  • Service Provider that supports wml.

INSTRUCTIONS FOR MOBILE BANKING

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Time Certificates of Deposit (CDs)

We can designate a rate and maturity for your specific needs. Standard maturities 6 month, 1 year, 2 year, and 3 year. Federal regulations require a substantial penalty for early withdrawal. Minimum balance required.

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Health Savings Account (HSA)

Iowa Savings Bank was a pioneer in offering Health Savings Accounts and remains committed to offering a high level of in-house expertise, assistance to employers, and extremely cost-efficient accounts. These extraordinary tax-advantaged accounts are a great option for those who qualify. Stop in and ask for a free booklet or call and say “Tell me about your Health Savings Accounts”. Read about them now by clicking on this link: http://www.treas.gov/offices/public-affairs/hsa/

You will need Adobe Acrobat Reader to view the booklet. If you do not have Adobe you can click the Adobe Icon below to download a free copy of it.

Download Adobe Acrobat Reader

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Debit Cards

Debit Cards
The Iowa Savings Bank's "Check Card" provides instant access for cash from checking and savings accounts through automated teller. The ISB Check Card can be used at any VISA location worldwide for hassle free purchases, direct from your checking account. This modern convenience eliminates the need to carry a bulky checkbook and is available for use with any of our checking products. Apply for a card today.

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Seniors Club
The Iowa Savings Bank's Heritage Club is for Very Special People over the age of 55. As an Iowa Savings Bank Heritage Club Member, you will receive a wide array of unique benefits specifically geared to our special members. Can't be shy with this group... their motto is "Come Join The Fun!"

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Loans
We provide all types of loans for personal, business, farm or corporate need. Visit with a member of our loan officer staff to design a loan for you.

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Retirement Accounts

Traditional IRAs In addition to annual contributions, traditional IRAs can also accept rollovers from 401k or 403b retirement accounts when you leave an employer or are eligible to transfer funds. All of our IRAs have a self-direct feature and permit numerous beneficiary designation options.

ROTH IRAs Although contributions are not deductible, withdrawals at retirement may be completely tax free and more tax deferral options past age 70½ exist than for traditional IRAs.

Coverdell Education IRAs have a maximum annual funding of $2,000 per designated beneficiary, a big increase from the former $500 limit. There are income limitations for contributors ($110,000 single / $220,000 joint).

The right plan for you depends on many personal and business factors. The descriptions above are just highlights and not intended to be comprehensive or to be legal advice. We recommend that you select the best plan after consultation with your attorney or tax advisor

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